BlackRock Capital Investment has appointed Michael Zugay as its new CEO and James Keenan as chairman of the board.

The appointments follow Steven Sterling’s decision to quit his executive role. He will however, continue to serve as director of the company.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Zugay currently serves as head of investments at BlackRock’s US Private Capital Group, with responsibility for heading the team’s underwriting and monitoring of its private investments.

He also holds the role of vice chairman at US Private Capital investment committee, and will take over as chairman of the committee on 1 January 2017.

Prior to BlackRock, Zugay served as a managing director at Ares Management's Direct Lending Group. He previously also served at debt restructuring firm Zolfo Cooper, as an analyst at Donaldson, Lufkin and Jenrette, and as a generalist in the Los Angeles investment banking unit at UBS.

Keenan currently serves as the global head of fundamental credit at BlackRock, with responsibility for providing oversight of the investment process and performance, the partnerships with BlackRock's distribution channels, and the team's infrastructure. He joined  BlackRock in 2004 and also serves as the CIO of the Leveraged Finance team.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

From 1998 to 2003, Keenan held credit research and trading roles at UBS Global Asset Management and at Columbia Management Group.

 “Michael is a talented investor with extensive experience in the middle market private investing space, and I am confident in his abilities to lead the business going forward,” Keenan said.

Zugay and Keenan will assume their new roles on 1 January 2017.